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English 123
Search Results 0 to 49 of about 123 (some duplicates have been removed)
NBC
Dec 30, 2012 11:30pm EST
, america goes after a bridge over the fiscal cliff. the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fi
CNBC
Dec 26, 2012 5:00am EST
. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as are brit
CBS
Dec 28, 2012 4:00am EST
to try to cut a deal to avoid the so-called fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chaos. it sounds good, everybody will double or about triple the price but nobody's going to pay for it. >
MSNBC
Dec 26, 2012 10:00am PST
an inane debate about that. now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience has been put on the carpet here with this one, and
CBS
Dec 26, 2012 6:00am PST
through the south, still ahead. >> the looming "fiscal cliff" forces president obama to cut his christmas vacation short. i'm erica ferrari in new york. i'll have that and more coming up in your cbsmoneywatch report. >>> and what's cool about your school? you can submit your nomination on our website, cbssf.com/coolschool. we may come and feature school right here on our show. ,,,,,,,,,,,,,,,, [ boy 1 ] hey! that's the last crescent. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster >>> welcome back! here's your cbs 5 snow report: basketball team is spending holiday season in hawai'i. much more traffic and weather coming up. >>> one local college basketball team is spending the holiday season in hawaii the university of san francisco taking on the east tennessee state on ch
FOX News
Dec 28, 2012 6:00am PST
." thank you. gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping t
FOX Business
Dec 27, 2012 8:00pm EST
off the table for the current phy fiscal cliff. >> do not cut social security. tom: many democrats pushing to keep social security off of the table in debt talks, we learn that the program is $48 billion in the hole for 2012, and small business authority barry sloan said that the entitlement programs are what got this country in this mess in the first place. i don't think that people pay attention to that. in the greenspan era they bumped up payroll taxes for excess money going in. about this is first time there are fewer people putting in than taking out. so government has to write a check. >> it is unfortunate, the lockbox was raided. there is nothing wrong with entitlement programs, but it is the growth of those programs that are problematic. with respect to social security, we're all living longer, people need to work a little bit longer, and social security will be there for many generations if we're prudent about it 9. tom: this is the third rail, even president bush could not get social security reform done, don't touch it, is the message in wor washington. >> you don't have
KRON
Dec 28, 2012 6:00am PST
fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 year- old has been in a hospital for more than a month after first coming down with bronchitis. >> a live look at the james lick and traffic is light. it is very cold and we will have updates on your
FOX News
Dec 29, 2012 4:00pm PST
you very much. part of the looming fiscal cliff includes a painful dose of automatic spending cuts that would kick in just a few days from now. our military would be on the receiving end of a lot of it. a half trillion dollars in cuts over the next decade. it has a fancy name. it is called see -- sequestration. many warn of job losses and even the impact on the national security. now, the news on this from washington. >> harris, last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force
FOX News
Dec 29, 2012 7:00pm PST
of the looming fiscal cliff includes a painful dose of automatic spending cuts that would kick in just a few days from now. our military would be on the receiving end of a lot of it. a half trillion dollars in cuts over the next decade. it has a fancy name. it is called see -- sequestration. many warn of job losses and even the impact on the national security. now, the news on this from washington. >> harris, last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force in afghanistan that is being reduce
CNN
Dec 27, 2012 9:00am PST
, the spending cuts known as the fiscal cliff, but we are four days away from another financial challenge. that is the debt ceiling. now, compared to reaching your limit on your credit card essentially, treasury secretary timothy geithner said the u.s. is going to reach its borrowing limit on monday. he says, quote, i am writing to inform you that the statutory debt limit will be reached on december 31st, 2012, and to notify you that the treasury department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the united states would otherwise default on its legal obligations. there is wiggle room. that is equivalent to two months of borrowing. >>> now to the other financial crisis that could mean higher taxes for all of us. will congress send the country over the fiscal cliff or will they come up with some sort of deal and hit the brakes? the senate returned today hopefully to come up with some kind of deal. dana bash is flling this on capitol hill. i imagine we're all working over the holidays and i fess we're going to be workin
ABC
Dec 28, 2012 6:00am EST
. >> the american people have a right to be very upset with this congress. >> the fiscal cliff will bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes will plunged the u.s. back into recession. one possible effect of the fiscal cliff, milk prices could buy $2 or $3 a gallon because farm programs expire at the end of the year. some are calling that dairy cliff. correct the fiscal cliff is not the only potential economic hazard on the horizon. thousands of workers at the port of baltimore and 14 of reports from boston to houston are threatened to go on strike this sunday. those ports move about 40% of the nation's container cargo traffic. the economic damage would reach well beyond the docks. >> from your mom-and-pop retailers to the farmers to the trucking companies will have to go pick up the containers at the ports. this will be felt not just at the ports locally, but nationwide everybody is on the ports to move their comrades. >> a major sticking point is the future royalties that the compani
CBS
Dec 27, 2012 12:00pm PST
the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the markets. stocks fell sharply by 55 and change. the drop is attributed to consumer confidence
CNN
Dec 26, 2012 4:00am PST
. >>> aloha means good-bye. president obama cuts his hawaiian vacation short to deal with the fiscal cliff. it is already too late? good morning, 7:00 in the east. i'm alina cho. >> and i'm drew griffin. soledad o'brien is off today. "starting point" begins right now. >>> our starting point, a cruel one. a one-two christmas punch from mother nature. tornadoes and blizzards tearing through the south and midwest. >> oh, my god. we need to go. it's right there. >> mobile, alabama, took a real beating. a twister blowing up transformers, leaving more than 25,000 customers without power. reports to damage to homes, a high school, and church. >> it came in behind the church right there, and then all green fluorescent lighting and popping transformers left and right. and we heard the crashing and everything and the power went out. >> i prayed to god as loud as i could, and i was just praying for my safety, and i knew the church was shaking. i just prayed that the church stayed put. >> here is the other half of this story, blizzard conditions blanketing much of the midwest and the northeast will ge
FOX Business
Dec 26, 2012 1:00pm EST
start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and d
KRON
Dec 27, 2012 4:00am PST
of the so-called fiscal cliff, a series of tax hikes and spending cuts set to take effect in five days. >> there still seems to be no signs of a compromise acting congress and president obama. >> president obama return to washington to get the credit shortage of medication. is a video the president leaving. >> house and senate members are expected to reconvene today as well. >> without a budget agreement, automatic tax increase is for everyone in the spending cuts will be triggered in the new year. >> the main dispute continues to be over taxes. >>, of the kron 4 morning news changes are coming to a netflix starting next year. how the company wants to get users more connected socially and next. >> the web more attractive weather and headlines when we come back >> wexcome backed. >> time is 4:10. >> net flicks is adding more social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the
CBS
Dec 27, 2012 5:30pm PST
the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good sign? >> reporter: well, it is in the sense that if the senate does manage to pass something, the house would be here to vote on it, as well. originally, speaker boehner had told his members that he would give them 48 hours' notice if they were needed back here at the capitol, but there was a recognition, i think, that it just looked bad for the house to be gone when we were so close to the fiscal cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a glimmer of hope. officials tel
FOX News
Dec 26, 2012 6:00am PST
obama's cutting his hawaii vacation short, it turns out, to take on the fiscal cliff and crisis in washington. >>> also we're keeping an eye on new violence in syria. one of the regime's highest-ranking generals has actually switched sides. >>> plus, a newspaper actually lists the names and addresses of folks who hold gun permits. is that right or wrong? it's all "happening now." kelly: welcome, everyone. first, tracking a powerful winter storm moving across the one right now -- country right now, this hour, threatening travel plans for thousands of americans just trying to get home after the holidays. i'm kelly wright in for jon scott. jamie: i'm jamie colby, and patience is definitely going to pay this holiday day. the massive storm already blamed for at least three deaths down south, and it spawned more than 30 tornadoes, very unusual for this time of year, across four gulf states. take a look at. >> oh, my
CNN
Dec 25, 2012 4:00am PST
to deal with the long-term fiscal health of the country which is what the fiscal cliff was supposed to be an incentive to do, we're expecting now that this is just some measure to avert the fiscal cliff which is the tax hikes, the spending cuts, each if they deal with the spending cuts and we're waiting to see what the measure will look like. i know what a hard-hitting white house reporter you are. i want to know whether it's apple kay, pumpkin pie or peekan pie for the president and first family on christmas day. any news on the menu? >> reporter: no, i am still waiting to find out. maybe we'll find out a little later today. you don't frequently find out until they have just released it, until the white house releases the information so we'll be standing by to let you know how the president spends his holiday. nothing on his public schedule, but, you know, he normally visits with troops so we're expecting he might do that today here in hawaii. >> that would be a wonderful way to spend christmas day. brianna keilar live from honolulu, hawaii, thanks. >>> other stories in the news, a
FOX News
Dec 28, 2012 8:00am PST
down toward the fiscal cliff deadline and looming tax hikes and spending cuts, that will impact nearly every single american we are just hours away from a crucial white house meeting of the president obama and leaders from the house and senate will sit down for their first face-to-face since november! but what can they hope to accomplish with so little time left, and at this point do they even want to come up with a solution? joining us oklahoma congressman james langford, incoming chairman of republican policy committee and serves on the house oversight and budget committees. congressman, are we going over the cliff? >> well we certainly hope so, hope not actually, but trying to get this resolved. the house as you know full well passed all of our sequestration documents in may. passed all of our tax documents in august and we have waited for the senate all this time and for the president frankly all this time. frustrating for the house did all our work early and be at the point we never hoped to be at. jon: when senate majority leader harry reid says speaker boehner, leader of the hou
CNN
Dec 28, 2012 2:00am PST
the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in wa
FOX
Dec 28, 2012 7:00am PST
from both parties to the white house today as a last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very
CBS
Dec 31, 2012 7:00am EST
have hours go before the fiscal cliff deadline when dramatic increases and spending cuts kick in. congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all household income over $250,000 a year. republicans have come way down from speaker boehner's insistence that that limit be set at a million dollars. and so if there's a deal today, and that's a big "if," you can expect it would be set around $400,000, $500,000, $600,000 a year, so certainly 90, 95% of americans would be keeping their tax cut. one of the biggest sticking points for the republicans right now appears that this deal doesn't include significant spending cuts. in fact, it contain as lot of new spending and so that is one major issue that's going to have to be ironed out. and if they don't
CNN
Dec 26, 2012 8:00am PST
soon. but six days before the fiscal cliff, president obama cutting short his christmas vacation on the off chance he and congress might be able to cut some kind of deal. he left. but brianna keilar is still there in honolulu. when's the president leaving and why does he really expect to avoid the cliff? >> reporter: i will be leaving as well when the president leaves, don. he is expected. he will be leaving tonight. that's local time. so he'll be traveling overnight and arriving back in the d.c. area late thursday morning. as you know, the senate reconvenes tomorrow. so he'll be going back as that is happening. we heard from him last week as he was heading out to hawaii. he said, see you next week. we had a thought that this was probably going to happen. he is officially now going back. he said last week, don, that he is still optimistic that something can get done. the other issue here, though, is you can imagine, how bad it would look if he go over the cliff and there's a lot of work to make sure that doesn't happen. he's here in hawaii on vacation. that would look terrible fo
CBS
Dec 27, 2012 7:00am PST
sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when sales actually shrank. >> consumers need to have more confidence. right now it's more of an uncertain way for the first half of 2013 so i think everyone has thought going into the year. >> for businesses, the holiday shopping season officially ends december 31st, and retailers are hoping to salvage some profits by offering deep discounts until then. the president of the national retail federation is still optimistic. he estimates holiday sales growth will be about 3.5% to 4% this year. rebecca and jeff? >> thanks elaine. it's interesting, macy's and target report next week so we're going to hea
KRON
Dec 28, 2012 4:00am PST
will grow over the so-called " fiscal cliff. " that's when automatic tax increases and spending cuts could take effect. retain a deal before then will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of a house representatives are watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. i told the president that i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline here and as i said this is a conversation we should have made months ago. democrats want to extend the bush era tax cuts to everyone except those americans making too much and $50,000 or more a year. many republicans remain against any tax increases. >> former president george h. w. bush is still in intensive care at a hospital in houston. the former president's family is confident that he will be out of i see you soon. if the former president's chief of staff since supporters a note yesterday including this ". " he wo
CBS
Dec 31, 2012 7:00am PST
% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the final hours as we get nearer to the fiscal cliff. >> major garrett, thank you. se
ABC
Dec 30, 2012 8:00am EST
and some spending cuts of the fiscal cliff. cry from a grand bargain that democrats and republicans were hopeful about. will playe redskins tonight. the redskins can still get in with a loss, but they will need help in the early game. how many layers of burgundy and gold will you need to wear? dave is standing by. bulk if you are going out there. the few women snow showers from yesterday's storm. in the sunshine. 33 at dulles. we have windchill values in the 20's. l be a chilly day from to end.g our high temperatures will be .0's 2 40's about 33 degrees. the winds will start to subside in the overnight hours. lots of layers of burgundy and gold. of the year, seasonally cool. 42-46. may be a mix of rain and snow. thereafter, keep that lead burgundy.
CNN
Dec 31, 2012 1:00pm PST
and spending cuts, heading over the dreaded fiscal cliff. president obama says an agreement, though, is within sight. republican-led house of representatives, though, will now wait till after the country goes after that fiscal cliff at midnight tonight before coming up with a deal, if, in fact, there is a deal. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >> announcer: this is cnn breaking news. >> let's get to the first breaking news story we're following right now. the secretary of state hillary clinton is in the hospital this new year's eve with a potentially serious blood clot which doctors have now revealed is located between her brain and her skull. let's go straight to cnn's foreign affairs correspondent jill dougherty for the latest. dr. gupta's going to join us momentarily as well. tell us what her doctors have just revealed. >> well, wolf, backing up just a little bit. all day today, the question was, where was that blood clot. because after all, in the statement that came out initially, it was no indicati
MSNBC
Dec 26, 2012 11:00am PST
the fiscal cliff. president obama is due back in d.c. after cutting his vacation short. the house speaker has yet to call his numbers back to work. they are scheduled to return to d.c. tomorrow. we learned today that house members won't be handling any legislative business. one republican aide saying it's up to senate democrats to act right now. let's bring in the correspondent in d.c. luke, little to no signs that senators connell and reid are on the same page. how likely is it that the senate would be able to do what the house could not? >> talking to a few sources, folks say it's about 50-50 right now. the senate could have a mini deal done before the new year and that each minute and hour that goes by, that number would seem to shrink and it's less likely. we are told that senator harry reid is gaming how many republicans would vote for a mini deal and most likely extend the tax rates and those making $250,000 or less. obviously anything that goes forward, they will want to be law. they don't want to do that. he wanted to make sure he can become law. it's unclear whether that could happen
FOX Business
Dec 26, 2012 9:20am EST
are traded up a bit. and president obama is cutting his vacation short to continue talks on the fiscal cliff. joining us now is dan henninger from the wawr wall street journ. does he want to go over the fiscal cliff? some are saying he needs more than he would just get from the rich guys. >> i doubt that he wants to go over the cliff. and i must say, president obama has repeatedly referred to himself as the unique politician, he's different than everyone. there is no politician i know would want to get into a situation like this. and barack obama marchs to his own drummer and it's possible, but i kind of doubt it. >> you wrote a piece in the wall street journal, called "no guardrails", you said the old society kept the politicians in order in washington, self-order and self-restraint. all of those disappeared as a result of the "me" generation and you say that obama is the epitome of a the "me" generation president that he sees things from his perspective and won't bend. >> the original metafor, you do have guardrails on a highway, people drive 75 miles per hour and occasionally someone gets
CNN
Dec 29, 2012 2:00pm PST
? the fiscal cliff, still looming. spending cuts and tax hikes that could shove our economy into recession. and a deadline lawmakers ignored until the very last possible minute. live pictures now of the capitol. looks beautiful. man, but there's a lot of wrangling going on there. lawmakers are back up -- had their backs up against the wall right now. and as they try to find a plan that can pass congress. let's hope they do. cnn's chief white house correspondent is jessica yellin. she is following the negotiations, working very hard on this saturday. so jess, democrats and republicans are supposedly working on a plan, even as we speak. what do we know about it? >> reporter: well, we know, don, that it's the senate leaders that are hashing this out. and what they're looking to negotiate is a deal that would extend current low tax rates for middle income americans. we don't know the exact threshold levels. so would it be people who make $400,000 and less, would it be $250,000 and less. but something that would extend low rates and then increase them above. extend probably unemployment benefit
ABC
Dec 28, 2012 4:00am PST
to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says tha
ABC
Dec 27, 2012 7:00am PST
, cutting his hawaii vacation short because of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us going until february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. we heard a lot about taxes that will increase. what do we
ABC
Dec 27, 2012 7:00am EST
, cutting short his holiday vacation. however, with only five days before the fiscal cliff deadline, no new negotiations have been scheduled. and adding to the pressure, treasury secretary tim geithner says the country is on track to hit its borrowing limit on monday. >>> and former president george h.w. bush has been moved to the intensive care unit at a hospital in houston. he's in guarded condition because of a stubborn fever. former president bush has been in the hospital for more than a month trying to recover from bronchitis. >>> you think you pay a lot to park. not compared to folks in chicago. it's going to soon cost $6.50 per hour. that's like 10 cents a minute at a meter downtown. >> in quarters. >> you can also use a credit card. >> who carries $6.50 in quarters? >> you can use a credit card, you guys. >> makes perfect sense. >> but they have the dubious distinction of having the most expensive parking meters in chicago. so, congratulations, chicago. it's a lot of money. >>> but at least this won't happen to your car if you fail to pay. this is in russia, you guys. this is a mass
KRON
Dec 27, 2012 7:00am PST
and maryland. president obama cutting his vacation short a comeback for the fiscal cliff tops. the senate is open for business and senate majority leader urging speaker of the house to pass the senate version. it keeps the taxes from going up on americans making less than $250,000 a year. speaker banner has already had problems trying to get the deal past to raise taxes on of americans making over $8 million a year. the $250,000 limit will not fly. >> sent this three authorization it goes right to the president that if we except the house bill and get it signed. if it goes past the first of the program goes down. the program is interrupted. this is important. it has the support of national security the attorney general air coulter and other national security officials who have made clear as to the importance of this. at this time following my remarks i would like to enter the letters into the record. >> here on the floor the senate it is getting back to work trying to get the house to attending. president obama just getting off of air force one right now. he has already made phone calls t
ABC
Dec 30, 2012 11:00pm PST
to fall off that fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> the current budget negotiations between president obama and house speaker john boehner also could mean the reduction of the popular deduction for charitable contributions. >>- q. i if it came to the poi -- >> if it came to the point where i wasn't receiving my credit for helping out a charity or even helping them out in their situation, then why would i even help them out? >> statements like that that has the chief executive officer of the united way of the bay area and other nonprofits fighting to obtain charitable deductions. >> it would be a mistake to think thereth was only a benefit for high income people. 24r* are many, many donors who itemize their taxes, and they take advantage of the
CBS
Dec 28, 2012 6:00am PST
to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on a
ABC
Dec 28, 2012 5:00am EST
a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. this is a conversation we should have had months ago. clerk democrats want to extend bush-era tax cuts to everyone except those americans making to a hundred $50,000 or more per year. many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vincent gray says the christmas eve killing on capitol hill is a rallying cry to put more police on the streets in city neighborhoods. his comments come days after jason emma was shot while parking his car in the 1
ABC
Dec 27, 2012 2:35am EST
one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will take deep effect. >> president obama's re-election was one of the biggest political stories of the year. >> with the first of our year enders, here's abc's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general election. >> it will be a choice between -- >> two very different paths. >> reporter: their battle focused on the economy. >> we can't afford another four years like the last four years. >> we need more tax cu
FOX News
Dec 27, 2012 7:00pm PST
, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more time. but if we do surpass that point, interest rates would go up if you are looking to borrow money. money invested in the stock market, analysts predict worldwide markets would have major problems. if you get payments from the government in any form, whether paidfy the government, whether your job is involve in the government or if you get social security checks, if you get veterans benefits, if your government pace your healthcare, all of that could be at risk if there's not enough money or borrowing authority to pay the bills. >> you mentioned the word extraordinary circumstances. what a nice afraid for what the federal government
MSNBC
Dec 28, 2012 8:00am PST
believe in, which is austerity? all the fiscal cliff is the logical conclusion of an expiring tax policy, which was written to expire, combined with severe cuts in spending. republicans are supposed to be for cuts in spending, but these particular cuts, they're scrambling to avert. i want to know that irony. >> and not protecting the 98% of people who this would affect. >> republicans could fix that. >> we cannot ignore doug in this conversation. i feel like doug is being ignored. doug, from politico, both the republicans and the democrats are looked at as why both sides -- for many it means blaming president obama, and investigating for -- for democrats, the cliff is better than setting a rich man's cutoff in the million dollar range or -- and slashing medicare and social security to appease republicans. this is really -- i know we cause it the cliff, i look at it. it's a clean slate for both sides in 2013, and to dig in in a modern approach. >> well, if that's a republican strategy to blame the president, good luck with that. polls aren't bearing that out. they're getting most of the b
CNN
Dec 25, 2012 8:00am PST
in hawaii and, yes, christmas brings us one day closer to possibly the fiscal cliff, the huge tax increases, spending cuts that could take effect in one week or so. brianna keeler is watching there in hawaii, joining us with the update. first of all, how is the president, how is the first family spending the holiday? >> presumably right now they are sleeping in, suzanne, because it is still very early here as you know. >> what time is it? >> we are expecting of course they'll have a christmas. let's see. 6:00 in the morning bright and early. we've been at it for a few hours. we expect them to have a nice christmas meal at the house they're renting. the white house chef is here. maybe we'll get details on what they are going to eat. there is nothing on the president's public schedule. he is frequently gone and visiting with troops in the past so we wouldn't be surprised if he did that again today. i will tell you that bo the dog is actually along for the ride here in hawaii and the white house released a video where bo just really kind of steals the show. let's look at a little of that. this
CNN
Dec 29, 2012 4:00pm PST
to avert the fiscal cliff. on saturday, the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points in trying to reach an agreement. any bipartisan bill has to include a extension of unemployment benefits that would effect 2 million americans and an increase for taxes for the highest income workers. >>> now, while that. negotiation is continuing, the president has asked senate majority leader, harry reed to prepare an alternative bill to have ready to put on the senate floor as early as sunday. that bill would raise taxes on households that earn $250,000 or more. that is a democratic proposal and you can expect that republicans would block it, so think of that less as a stop gap measure and more as a political move to sthift the failure of responsibility to the republicans just as the nation approaches the hour of republic -- the hour of reckoning. >> the nation's capitol could see snow of 3-5 inches tonight. washington not alone, these pictures are from indiana, they are see issing more snow than the blizzard that hit ea
CNN
Dec 27, 2012 4:00am PST
hit the fiscal cliff. what happens to your bottom line if you do? january 1st all the bush tax cuts will expire, all of them with taxes going up an average of $1,600 per household. the payroll tax holiday also expires, that means the tax burden will rise an average of $700 per household. extended unemployment benefits, the ones we were talking about with lisa expire, so collection of unemployment benefits will shrink from 79 or 99 weeks back to 26 weeks in six months. the medicare doc fix expires, a 27% cut in physician payments and the alternative minimum tax will expand to 27 million more americans for whom it was not intended. obama care taxes hit, a 0.9% jump in medicare payroll taxes for those earning $200,000 or more, that is likely to happen regardless of whether or not there's any fix. i bring in senator richard blumenthal, a democrat from connecticut. thanks for joining us. we have five days to go. you think we'll get a deal. >> i'm hopeful. there's sufficient time to reach a deal if we use the common ground we have and that common ground is nobody wants to go over the fisc
ABC
Dec 27, 2012 4:00am EST
. >>> now, to the fiscal cliff. still looming large as president obama returns to the white house this morning. the president cut short his christmas vacation in hawaii to get back to washington. congress will be in session today, amidst fading hope that a deal could be reached by the new year. no agreement would mean spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the grief-stricken town. please don't. they say gifts have arrived in such numbers, they overwhelmed the small community's ability to process them. a fund established after the shooting to support newtown has grown to $3.5 million. >>> meanwhile, hundreds of schoolteachers plan to attend firearms training today in salt lake city. the 200 teachers come from districts across utah. they have volunteered for the concealed weapons training. organizers say in past years, only a few dozen teachers attended the training. they're expecting an overflow crowd because of this month's tragedy in newtown, connecticut. >>> west webster volu
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